For his second "Executive Decision" segment of Mad Money Friday night, Jim Cramer spoke with Andy Callahan, president and CEO of Hostess Brands (TWNK) , the snack foods maker that reported a beat-and-raise quarter. Shares trade for 16 times earnings.
Callahan said the snacking trend was strong before the pandemic and now with people spending more time at home that trend is bigger than ever. He said consumers love and trust the Hostess family of brands that include the iconic Twinkies.
Hostess has been making a lot of progress since its bankruptcy, Callahan noted. The company has streamlined operations, cut costs and de-leveraged its balance sheet. It has also authorized a stock buyback program which gives them even more flexibility to reward shareholders.